Office

Faltering economic conditions could make as much as 1.2 billion square feet of office space in CBDs fit for residential use.

Green Street looks at sales in the first half of 2024.

The loan will help transition to the office into a larger multifamily space.

Some companies find office space cannot accommodate employees on high-attendance days.

Utilization continues to face challenges as hybrid work has become the new norm.

Retail space is also in the plans.

Multifamily CMBS delinquency was also up, but retail and lodging rates were down.

However, even if correct, they say it could take another two years to get closer to normal.